Friday, May 27, 2011

Come Back on Tuesday

For those who have to stay focused on the stock my for a living, condolences, for today was the culmination of three of the most boring, low-volume events in the history of the NYSE.

Stocks managed to eek out marginal gains.

There was an almost total news blackout as traders made their way to the Hamptons for the weekend.

Dow 12,441.58, +38.82 (0.31%)
NASDAQ 2,796.86, +13.94 (0.50%)
S&P 500 1,331.10, +5.41 (0.41%)
NYSE Composite 8,386.34, +44.68 (0.54%)

Advancers topped decliners, 4566-1953. On the NASDAQ, 87 new highs exceeded 33 new lows. The NYSE recorded 112 new highs and just 8 new lows. Combined, 199 new highs, 41 new lows. Crisis averted, for now. Volume: lowest of the year.

NASDAQ Volume 1,642,331,625
NYSE Volume 3,111,512,000

Crude oil gained 36 cents to finish the week at $100.59. Gold was the big winner for the day, gaining $17.00, to $1536.40. Silver tacked on 76 cents, to end at $37.95.

Nothing much of substance to report, except that the beer is cold and the grill, hot.

Have a great weekend. See you Tuesday, May 31.

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